LONDON, June 26, 2026, 15:01 BST
- Halma slipped 1.6% to 3,872p. The FTSE 100 dropped 0.8% at that point.
- LSE data on Thursday showed Halma was trading 11.0% under its 50-day average, while still sitting 2.8% above the 200-day average.
- Capital Group disclosed a stake above 5% of voting rights in a June 24 filing, giving investors a new institutional signal after the stock’s drop on results day.
Halma plc (LON:HLMA) traded down 1.6% at 3,872 pence as of 1501 BST Friday, weaker than the FTSE 100 (INDEXFTSE:UKX), which slipped 0.76% to 10,449.53 near 1450 BST. Trading on the London Stock Exchange was in its usual window, open 0800 to 1630 BST.
The chart tells the story more than the latest drop. A London Stock Exchange/FTSE Russell tearsheet from June 25 showed Halma at £39.34, which is 11.0% under its 50-day moving average at £44.20 and just 2.8% above its 200-day mark of £38.28. The stock’s RSI was 35.2, still just above the typical 30 level traders use for oversold.
Halma shares were trading at £38.72 by Friday afternoon, down roughly 21% from their 52-week high of 4,902p, according to Google Finance. The stock’s price/earnings ratio stood at 39.44 with a dividend yield of 0.64% on the same page. For a growth stock like this, even a minor trim to its outlook is important.
Halma got a new filing from Capital Group Companies, which now holds 5.125211% of the voting rights, or 19,457,623 shares, after going above the threshold on June 22. The previous stake was 4.99%. The filing noted Capital Group managed these shares for client accounts, not for its own affiliates.
Halma published its 2026 annual report and AGM notice on June 24, according to a new filing. The document directed investors to the company’s June 11 full-year results, so the stock is still moving mostly on the valuation reset after those results rather than fresh earnings news.
Halma posted higher numbers. Revenue was up 15% at £2.58 billion, adjusted EBIT climbed 22% to £594.5 million, and adjusted EPS increased 21% to 114.05p. CEO Marc Ronchetti said it was “another successful year” for the company and pointed to revenue and adjusted profit passing £2.5 billion and £500 million for the first time. Halma
Halma is guiding for low double-digit organic constant-currency revenue growth in fiscal 2027, with photonics set to contribute around five points. That’s down from 16% organic growth in 2026, when photonics gave the group about eight points. The outlook put pressure on shares.
Halma shares fell almost 15% after the company’s outlook, Reuters said on June 11. JPMorgan analysts said the photonics forecast could let investors down. Matthew Donen at Morningstar said revenue growth looks set to slow in both photonics and other divisions.
UBS analyst Andre Kukhnin stuck with his Buy call and 4,775p target after the numbers. Kukhnin called the slide on results day a “pure derating” as the photonics growth outlook was scaled back. UBS didn’t change its stance. Investing
Halma’s consensus forecast page, which pulled together estimates from 17 analysts before results, showed mean FY2026/27 revenue at £2.83 billion and adjusted EBIT at £632.4 million. Those numbers, based on the FY2025/26 consensus from the same page, mean about 10.5% growth for revenue and 11.4% for EBIT. That puts growth around the low double-digit range now in focus. Halma says these are not its official forecasts.
Halma traded at £38.72 Friday afternoon, around 1% above its 200-day moving average of £38.28 from Thursday LSE data. That 200-day line is the next hard marker. Dropping below it would turn the June sell-off into more than just a fast reset in an expensive compounder.
